Institutions, Infrastructure and Economic Growth in Nigeria
The study examines the impact of institutions and infrastructures on economic growth in Nigeria. The study contributes to the infrastructure-growth nexus literature in Nigeria by accounting for institutions into the model. The justification for the inclusion of the variable is based on the fact th...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Danubius University
2019-04-01
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| Series: | Acta Universitatis Danubius: Oeconomica |
| Subjects: | |
| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/5525/4949 |
| Summary: | The study examines the impact of institutions and infrastructures on economic growth in
Nigeria. The study contributes to the infrastructure-growth nexus literature in Nigeria by accounting
for institutions into the model. The justification for the inclusion of the variable is based on the fact that
good institutions will induce growth and that it will serve as an impetus for investor to invest in Nigeria.
The result shows that there is long-run cointegrating relationship using the bounds-testing approach of
Pesaran et al (2001). The study shows that population and institutions contributes positively to growth
and that public infrastructure has a negative significant impact on growth. It is strongly recommended
that that government should monitor her public infrastructure spending by reducing wastages so that it
can contribute positively to growth. In addition, government should adhere to good institutions so as to
increase the inflow of foreign direct investment into Nigeria. |
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| ISSN: | 2065-0175 2067-340X |